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MBA Executive - 2016-17: Term-II

Business Statistics

Credits	3
Faculty Name	Sandipan Karmakar
Program	MBA
Academic Year and Term	2016-17 Term II

Course Description

In the modern era of exorbitantly soaring quantity of raw data as well as processed information, challenges faced by decision makers including management professionals primarily consists of visualizing, analyzing and opting for the best or nearly best decisions. This course aims in imparting these skills to the attendees.

Leaning Outcomes

At the end of the course you should be able to

· Present and/or interpret data in tables and charts.
· Understand and apply descriptive statistical measures to business situations.
· Understand and apply probability distributions to model different types of business processes.
· Understand and apply statistical inference techniques (including statistical estimation and hypothesis testing) in business situations.
· Understand and apply simple linear regression analysis

Session Plan

Session No	Topics/Activities	Reading
1-2	Descriptive statistics · Measures of Central Tendency Computation · Measures of Dispersion Computation · Graphical Displays · Other measures based on Moments	Chapter 1
3-4	Introduction to probability · Concept of probability · Rules of probability · Bayes’ rule	Chapter 2
5-6	Random Variables and Probability Distributions · Continuous and Discrete Random Variables · Moment Computation	Chapter 3
7	Normal Distribution & Sampling and Sampling Distributions	Chapters 4-5
8-11	Hypothesis testing Mean, Proportion and Variance tests for Single and Two Populations	Chapters 7,8
12	Confidence Intervals · Mean Testing · Variance Testing	Chapter 6
13	Comparing Multiple Proportions, Test of Independence and Goodness of Fit Tests	Chapter 14
13-16	Analysis of Variance · Multiple Comparison Testing – Fisher’s LSD test · Completely Randomized Design · Random Complete Block Design · Factorial Experiments
17-18	Simple Linear Regression, Multiple Linear Regression	Chapters 10, 11
19-20	Non-Parametric Methods	Chapters 14

Evaluation components and weights

1. 1 Quiz - 20%
2. Mid term exam - 30%
3. End-term - 40%
4. Class participation – 10%

No Makeup Exams. Marks for missed components will be equated to the minimum of the other attended components (in percentage terms).

Reading

· Complete Business Statistics, 7th Edition, by Amir D Aczel et al. Published by Tata McGrawHill
· Statistics for Business and Economics by Anderson, Sweeny and Williams, Cengage 11th edition

Created By: Alora Kar on 09/12/2016 at 11:53 AM
Category: MBA(Exe.)16-T-II Doctype: Document